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  • March 5- AbbVie Inc is to buy Pharmacyclics Inc for about $21 billion, giving it access to what is expected to be one of the world's top-selling cancer drugs and expanding its reach in the profitable oncology field. AbbVie will pay $261.25 per share in cash and stock, a 13 percent premium to Pharmacyclics stock's closing price on Wednesday. Deutsche Bank analyst...

  • *AbbVie to pay $261.25 per share in cash and stock. The deal gives AbbVie access to Pharmacyclics' cancer drugs portfolio, lessening the Chicago- based company's dependence on its rheumatoid arthritis drug Humira that accounts for most of its sales. "Imbruvica is not only complementary to AbbVie's oncology pipeline, it has demonstrated strong clinical...

  • Handmade goods website operator Etsy files for IPO Wednesday, 4 Mar 2015 | 6:37 PM ET

    March 4- Etsy Inc, which operates a website that sells handmade goods and craft supplies, filed with U.S. regulators on Wednesday for an initial public offering of common stock. Goldman Sachs& Co, Allen& Co LLC and Morgan Stanley are underwriting the IPO, Brooklyn, New York- based Etsy told the U. S Securities and Exchange Commission in a preliminary prospectus.

  • Final Glance: Banks companies Wednesday, 4 Mar 2015 | 6:17 PM ET

    Bank of America Corp. fell$. 15 or. 9 percent, to $15.84. Citigroup Inc. fell$. 06 or. 1 percent, to $53.67. Goldman Sachs fell $1.60 or. 8 percent, to $189.67.

  • Over the past week alone, both Barclays and Goldman Sachs revisited the aging story and both agree the 30- year expansion of workers in the peak savings years just before retirement was chiefly responsible for a glut of savings that has driven bond yields inexorably downwards since the late 1980 s. Morgan Stanley came to similar conclusion last October.

  • Midday Glance: Banks companies Wednesday, 4 Mar 2015 | 1:16 PM ET

    Bank of America Corp. fell$. 13 or. 8 percent, to $15.86. Citigroup Inc. fell$. 07 or. 1 percent, to $53.66. Goldman Sachs fell$. 80 or. 4 percent, to $190.47.

  • Early Glance: Banks companies Wednesday, 4 Mar 2015 | 10:36 AM ET

    Bank of America Corp. fell$. 06 or. 4 percent, to $15.93. Citigroup Inc. fell$. 24 or. 4 percent, to $53.49. Goldman Sachs fell $1.35 or. 7 percent, to $189.92.

  • Final Glance: Banks companies Tuesday, 3 Mar 2015 | 6:05 PM ET

    Bank of America Corp. rose$. 03 or. 2 percent, to $16.04. Citigroup Inc. rose$. 24 or. 4 percent, to $53.73. Goldman Sachs fell$. 52 or. 3 percent, to $191.27.

  • NEW YORK, March 3- Morgan Stanley, the biggest U.S. brokerage firm with more than 16,000 financial advisers, elevated Sara Furber to a new position as head of corporate and institutional wealth management and wealth management strategy, the company said in an internal memo on Tuesday. Morgan Stanley named Adam Kudelka to replace Furber as chief operating office...

  • Morgan Stanley realigns wealth management -memo Tuesday, 3 Mar 2015 | 2:29 PM ET

    NEW YORK, March 3- Morgan Stanley, the biggest U.S. brokerage firm with more than 16,000 financial advisers, elevated Sara Furber to a new position as head of corporate and institutional wealth management and wealth management strategy, the company said in an internal memo on Tuesday.

  • *But high U.S., Middle East production maintains supply glut. *Asian economies benefit from cheap oil- ABN Amro. Front-month Brent futures were trading up 53 cents at $60.07 a barrel by 0807 GMT, though significantly below the day's high of $60.74.

  • *But high U.S., Middle East production maintains supply glut. *Asian economies benefit from cheap oil- ABN Amro. Front-month Brent futures were trading up $1 at $60.54 a barrel by 0632 GMT, just off the day's high of $60.74.

  • *But high U.S., Middle East production maintains supply glut. *Asian economies benefit from cheap oil- ABN Amro. "Brent crude prices attempting to rally on rapid week-on-week reduction in U.S.... rig count," Morgan Stanley said on in a note on Tuesday.

  • *High U.S. and Middle East production maintains supply glut. SINGAPORE, March 3- Brent crude oil prices steadied above $60 a barrel in early Asian trading on Tuesday, supported by traders entering the market after prices dropped sharply in the previous session on the back of record U.S. stocks. "Brent crude prices attempting to rally on rapid week-on-week...

  • Final Glance: Banks companies Monday, 2 Mar 2015 | 6:08 PM ET

    Bank of America Corp. rose$. 20 or 1.3 percent, to $16.01. Citigroup Inc. rose $1.07 or 2.0 percent, to $53.49. Goldman Sachs rose $2.00 or 1.1 percent, to $191.79.

  • NEW YORK, March 2- E* Trade Financial Corp, the discount broker and bank that almost collapsed during the financial crisis, said on Monday it will retire $800 million of debt due in 2019 and issue $460 million of new eight-year notes at a lower interest rate. The debt restructuring cuts the company's outstanding debt Executives had publicly forecast they would...

  • NEW YORK, March 2- Shares of Lumber Liquidators Holdings Inc were down more than 20 percent on Monday after the CBS news program "60 Minutes" said its products failed to meet safety standards, allegations the hardwood flooring retailer denied. While Lumber Liquidators has been under pressure since 2013, new concerns about its business emerged after "60 Minutes"...

  • NEW YORK, March 2- Morgan Stanley's is in discussions with New York's attorney general to settle accusations that the Wall Street bank mishandled subprime mortgage deals before the 2008 financial crisis, a person familiar with the matter said on Monday. Any settlement would be separate from a $2.6 billion agreement Morgan Stanley reached last month with the...

  • *Consumer spending falls 0.2 percent in January. WASHINGTON, March 2- U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline. All the gas savings are ending up at the bank rather than being spent, "Thomas Costerg, an economist at Standard...

  • Midday Glance: Banks companies Monday, 2 Mar 2015 | 1:17 PM ET

    Bank of America Corp. rose$. 12 or. 8 percent, to $15.93. Citigroup Inc. rose$. 85 or 1.6 percent, to $53.27. Goldman Sachs rose $1.03 or. 5 percent, to $190.82.